News

Wells Fargo awards $11.4 million in grants to community nonprofits

wellsfargoWells Fargo announced last week that through its UrbanLIFT Community Grant Program, it has provided $11.4 million in grants to 59 nonprofits across the country.

Approximately $458,600 in funding is available to each of the 25 metropolitan statistical areas, and nonprofits will receive grants to support single-family housing rehabilitation, neighborhood improvement, housing-related site improvements and single-family demolitions.

“These grants will help advance community stabilization in cities that were significantly impacted by the housing downturn,” JK Huey, the senior vice president of asset management and preservation with Wells Fargo Home Lending Servicing, said. “We look forward to seeing how the projects, funded by the UrbanLIFT community grant program, help create safer and sustainable neighborhoods.”

Awards were given to organizations in Arizona, California, Florida, Texas, Missouri, Nevada, New York, New Jersey, Tennessee and Virginia.

Over the past five years, organizations of NeighborWorks America, which administers the grant application process, have helped generate nearly $20 billion in community reinvestment.

Comments are closed.